ABSTRACT

This chapter gives the theoretical example in order to elucidate the monopolist element inherent in large concentrative units of production has amply shown the many divergent possibilities and limitations which remain confronting the realization of monopolization out of concentration. The monopolist element in a concentrative development of larger sized units of production has not yet been fully recognized, for the very reason perhaps that there has been a misconception of what "large" means in this or that instance. The general tendency towards monopoly, or at least quasi-monopoly, which underlies concentrative tendencies in development of industrial unit can hardly be disputed. The widely held idea that the "size" of the unit was of paramount importance for development of monopolist organization of industry is definitely mistaken, so long as this idea is based merely upon the ideology of "large" and "small". In fact the mere quantitative meaning of "large" and "small" serves to explain nothing in respect to structural changes of industry.